Common use of OPTIONAL MATURITY DATE Clause in Contracts

OPTIONAL MATURITY DATE. The Optional Maturity Date is the contract anniversary nearest the Annuitant's 90th birthday. If the contract is continued to the Optional Maturity Date, all contract rights of the Owner will continue in effect to the Optional Maturity Date. The Optional Maturity Date will become the Maturity Date for all other purposes of this contract.

Appears in 13 contracts

Samples: Flexible Payment Variable Annuity Agreement (NML Variable Annuity Account A), Flexible Payment Variable Annuity Agreement (NML Variable Annuity Account A), Variable Annuity Contract (NML Variable Annuity Account B)

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OPTIONAL MATURITY DATE. The Optional Maturity Date is the contract anniversary nearest the Annuitant's 90th birthday. If the contract is continued to the Optional Maturity Date, all contract rights of the Owner will continue in effect to the Optional Maturity DateDate except that the Disability Waiver of Purchase Payment Benefit will not continue in force after the Maturity Date shown on page 3. The Optional Maturity Date will become the Maturity Date for all other purposes of this contract.

Appears in 8 contracts

Samples: Flexible Payment Variable Annuity Agreement (NML Variable Annuity Account A), Flexible Payment Variable Annuity Contract (NML Variable Annuity Account A), Flexible Payment Variable Annuity Contract (NML Variable Annuity Account B)

OPTIONAL MATURITY DATE. The Optional Maturity Date is the contract anniversary nearest the Annuitant's ’s 90th birthday. If the contract is continued to the Optional Maturity Date, all contract rights of the Owner will continue in effect to the Optional Maturity DateDate except that the Disability Waiver of Purchase Payment Benefit will not continue in force after the Maturity Date shown on page 3. The Optional Maturity Date will become the Maturity Date for all other purposes of this contract.

Appears in 4 contracts

Samples: Flexible Payment Variable Annuity Contract (NML Variable Annuity Account B), Flexible Payment Variable Annuity Contract (NML Variable Annuity Account A), Flexible Payment Variable Annuity Contract (NML Variable Annuity Account A)

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OPTIONAL MATURITY DATE. The Optional Maturity Date is the contract anniversary nearest the Annuitant's ’s 90th birthday. If the contract is continued to the Optional Maturity Date, all contract rights of the Owner will continue in effect to the Optional Maturity Date. The Optional Maturity Date will become the Maturity Date for all other purposes of this contract.

Appears in 3 contracts

Samples: Flexible Payment Variable Annuity Contract (NML Variable Annuity Account B), Flexible Payment Variable Annuity (NML Variable Annuity Account B), Flexible Payment Variable Annuity Contract (NML Variable Annuity Account B)

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